In order to raise funds, General Motors will be auctioning off a significant portion of its classic car collection next month. The Detroit automaker has plans to auction as many as 250 cars at the upcoming Barrett-Jackson auction in Scottsdale, Arizona starting January 13th. While most of the cars up for grabs are concepts and one-off models from the last couple of decades, you will also find few older vehicles such as a 1904 Oldsmobile Touring Runabout. Most of the cars are from ‘80s and ‘90s, including the Hummer and GMC collection, a series of limited edition Corvettes, a 1904 Oldsmobile Touring, two Peugeot 205 Turbos, Bill Clinton’s presidential limo and a car used by the Pope in 1998. The list of vehicles for sale hasn’t been finalized yet, so we will probably see some more entries soon.
Via: Jalopnik/AutoMobilemag
nice cars... nice post.. keep it up.. ;)
There have got to be some really cool cars in this collection, but I don’t see how they would be able to make enough money from auctioning off 250 of them to cover their $1 billion in monthly expenditures.
Seems like a real gimmick!
I don’t think this is a gimmick. With the auto industry in a slump, its really no surprise that companies are taking all means possible to keep themselves from going bankrupt.
